Bitcoin's price of $65,503 represents a positive 24-hour change of 1.50%. This modest upward movement demonstrates that the cryptocurrency is finding short-term stability and resilience, recovering from earlier macro pressures and AI-led selloffs to establish a stronger baseline above recent lower bounds. The market is driven by institutional development and regulatory shifts, evidenced by the SEC raising option limits for BlackRock's IBIT and Japan reclassifying crypto as financial assets under its FIEA framework. Although regulatory challenges persist, such as US agencies missing the GENIUS Act stablecoin deadline and France blocking Polymarket, aggressive options trading targeting $72,000 suggests a strong bullish undercurrent among professional market participants. - The 1.50% daily increase to $65,503 signals robust near-term recovery from previous selloffs. - Institutional maturing is highlighted by expanded ETF options limits and favorable regulatory reclassifications in Japan. - Large-scale traders are positioning for significant upside, targeting $72,000 by month-end amid shifting macroeconomic expectations.
Figment, the largest non-custodial institutional staking provider, has been selected by Morgan Stanley Investment Management Inc. as a staking provider for Morgan Stanley Ethereum Trust () and Morgan Stanley Solana Trust (), which began trading today. The funds are the first spot Ether and SOL ETPs …
The U.S. Senate has temporarily delayed consideration of the CLARITY Act as lawmakers prioritize a Russia sanctions package, federal nominations, and other legislative business. The latest development makes it increasingly unlikely that the crypto market structure bill will receive a Senate vote bef…
Tokenization firm Securitize has officially gained status as a registered investment advisor with the U.S. Securities and Exchange Commission, according to an announcement on Monday.In particular, Securitize Capital LLC, a subsidiary of the publicly traded firm, gained the SEC registration, which wi…
Bitmine owns 4.8% of the total ETH coin supply of 120.7 millionBitmine is 96% of the way to the 'Alchemy of 5%' in just 13 monthsBitmine repurchased 6.1 million common stock in the past week, authorized under the previously announced $4 billion share repurchase programBitmine was added to the Russel…
SEC Commissioner Hester Peirce warned on July 22 that moving crypto activity onchain does not remove securities obligations, saying actively managed vaults and lending strategies may require registration. According to BeInCrypto, her “Headstands and Summervaults” statement said vaults can resemble i…
Grayscale has filed a new Form 8-K tied to its Solana product, outlining a trust agreement amendment that would allow net staking rewards to be distributed to shareholders at least quarterly.The filing relates to Grayscale Solana Staking ETF, or GSOL, and was filed with the SEC on July 17. The amend…
XRP is flashing two bullish on-chain signals as its price rebounds, with whale selling on Binance drying up as large wallets accumulate.The token traded around $1.14 on Wednesday, up more than 2% on the day. Two sources point to accumulation, though spot activity complicates the bullish read. to ge…
The Securities and Exchange Commission has filed partially settled charges against Zan Shaikh and his company for allegedly defrauding investors with a crypto mining scheme.According to a Monday statement, the agency accuses the Florida resident and his company, Mining Automatic, of raising roughly …